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tv   [untitled]    July 5, 2012 12:00am-12:30am EDT

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don't comb. the u.k.'s home banking sector is under scrutiny as the barclays scandal implicates the only. big questions remain out the investigation into the rate rigging above please continue with the full the chief executive failing to provide any old thing . as violence in syria boils with despite the best efforts of peace makers it's a lack of food and soaring prices that's taking its toll on people who haven't even taken sides in the conflict. and america's occupy activists get a hold on philadelphia where five days of protests saw dozens swept into custody.
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thank you for joining r t today with me karen tara broadcasting from the heart of moscow well barclay's former boss has tried to distance himself from the right or a gang scandal that's shaken the bank that's after he was quizzed by m.p.'s bob diamond was also grilled on the allegations the bank of england and political top brass were involved in over charging interest on loans for the explains. well this story just looks set to run and run really full mochy for executives buckley's bob diamond giving very little away when we saw him being quizzed by m.p.'s yesterday about the rate rigging that went on. now the process went on for a number of hours and piece left the end of that seemingly very frustrated at their inability to get any concrete information from him
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a lot of people had been speculating about whether he was going to go down fighting but it was less of a smoking gun and more of a dunce certainly what we saw over the hours was at the very beginning where bob diamond had seemed quite uncomfortable he was reaching for his water a lot of the time very very little solid information that came out of that indeed there's been a lot of criticism over the way the questioning was handled and calls maybe for an independent judicial inquiry some people saying perhaps that would be more effective and of course there are some big questions that still need answering some of the big ones that were really cleared up in that questioning process. the involvement in the role that the bank of england and the government have played in this whole situation coming about and now what is the one in the discussion we've heard bob diamond repeatedly referring to his love of barclays he will say just by
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the behavior as wrong as reprehensible in fact at one point one of the m.p.'s actually stops to remind him that this isn't just wrong full behavior it's actually criminal behavior to there's going to be a lot of concern over what the next steps will be and over whether the right people are going to receive an adequate punishment because of course we've seen bad behavior from the banks many many years now we've had a the last two years the financial crisis we've got a double dip recession a lot of questions now being asked about the entire system and about why the city has the solo been able to maintain a stranglehold over the government's economic policy. investors are now wondering whether barclays banks can bounce back financial advisor patrick young believes the whole system needs to be revamped before banks can be trusted again. but we've got is a situation where the banks were ultimately during the course of the years running
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up to the credit crunch of two thousand and eight two thousand and nine power probably incompetent very few people really have paid any price within the banks then we had this incredible wave of money where the government force reasons that are really no one don't need to themselves swung the banks with money but effectively didn't get a good pint of flesh of them to reform the system and then we've got this situation knowing what of course it's finally come out that what the banks were actually doing was they were manipulating their own interest rates which is basically like having a business and saying you can set the wholesale price and you can set the retail price and ultimately of course they didn't do it in the interests of the consumers they did it in the interests of the banks the difficulty is this is not limited just to love the bankers i mean this is a global financial problem the system has to be reasonable which is that essentially bankers should not be given a free check they should not be given rewards when the bank makes money and when the bank loses money they have no punishment and they still get rewards the whole
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system has been effectively socialized so that the community are paying for the bankers and the bankers can be as incompetent as they want because they always walk away with the cash that's the tragedy there is a morality of finance but there's a great deal that has to be done to the banking system in order to make it truly compliant with the sort of community that we need and also to fund our businesses in the future but with the banking scandal raging at home david cameron is looking to safeguard the u.k. economy from foreign dangerous coming up the british prime minister is slammed by great sacking proposes curbing immigration at and suggests he should be looking into a pair of players recreating instead also why actor failed. typical of our return of the country's financial group in. we through we explore why public outrage at the controversial anti-piracy agreement led to its failure in europe.
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while diplomats and politicians are struggling to find ways to contain the escalating violence in syria ordinary people there are simply trying to survive and it's not just bombs and bullets that threaten their livelihoods but also soaring prices and a lack of basic goods artie's lucy coffin of reports. but conflict in syria that is now being called a civil war there was more bloodshed and killing in syria today the newest massacre in syria while bullets and body bags may lead news headlines on syria but death is not the only toll of this war ordinary citizens who haven't picked sides in this conflict now live in daily fear for their lives and now they're also paying dearly with their livelihoods prices for food everything are very highly were under growing crisis. now serious currency has lost more than
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half of its value since the fighting began and used to cost about forty seven syrian pounds to buy one u.s. dollar before the war one hundred pounds to the dollar one year later this inflation unfortunately is only set to get worse with the government now printing more cash just to stay afloat now or oil was once a pillar of syria's economy but an embargo has cut revenues for the government by nearly one third now those sanctions may have been aimed at the government of course it is ordinary syrians who are now paying at the pump four thousand that's about sixty dollars used to be in for a month but now you need twice as much as most people to find spend hours waiting. and it's not just fuel for cars that's difficult to come by a single tank of cooking gas can now eat up about half of the average syrians monthly paycheck and that's huge and with shortages spreading across the country even those supplies are guaranteed. a few weeks and through a week and still have
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a few we want to lose we want to eat but we have no. this is how we have to live there's no other choice now according to the united nations more than one point four million syrians are already at risk for hunger and those who still have access to food are finding that prices are soaring out of their reach now let me show you what i mean when it comes to the average syrian a carton of eggs used to cost about one hundred and ten syrian pounds before. war after the uprising that amount of money is enough for just two eggs now take sugar for example the price of a bath like this has tripled in cost the amount of money one used to spend on it now by about this amount and even stable food like rice i mean this is a really common food in syria probably enough to feed a small family for about a week like this has doubled in cost now when it comes to the arab spring the cost of food and fuel has played a critical role as prices rose so did anger in arab nations the same holds true in syria were simply surviving and making ends meet as now
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a daily battle in the end the price of bread may prove to be a bigger obstacle to peace than a loaded gun for our team and lucy catherine of in moscow the road to peace in syria is blocked by the burden of sanctions that are fueling the conflict from grass roots so says the country's minister of domestic trade and opposition member and feels it's nothing more than hypocrisy from the west. syria is really difficult situation in social and economic terms it has been isolated which primarily hurts the people of syria rather than the assad government therefore the attitude of the worst in isolating syria is pure hypocrisy and their claim that the embargo is damaging the assad regime is own substantiated we believe that once we manage to bring about national reconciliation and restore unity we will be able to end the blockade the way it has happened time and again throughout history both in syria and in other parts of the world.
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mess the full interview here on our team just about twenty minutes. alka bars from across the u.s. have returned in full force to philadelphia where they held a mass demo on independence day the protest against corporate greed inequality and debt began over the weekend dozens were arrested after it was met with a heavy police presence activist. says the movement is still expanding as it's proven to be the only way for young americans to speak out against injustice is maturing as a movement i mean the fact that there was such massive demonstrations for may first in new york city and all around the country where occupy wall street joined with the immigrant rights movement with the labor movement you know that shows a real political advance we haven't seen made a demonstrations like that in this country in a long time occupy wall street is really advancing in the analytical movement they
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can actually confront the one percent and demand a change of power reflects the sentiments and the economic suffering that a whole generation of young people is feeling the economic standard of living that our parents had is gone for people in the united states and the only the only choice millions you've got is to go out and confront one percent and talk about possibly abolishing the cow that was system and take power from its ruling elite level minutes past the hour now and athens has lashed out against the british prime minister over his remarks the u.k. could restrict the entry of great armed citizens of other struggling euro zone countries david cameron stressed it would be an extraordinary move but was meant to protect britain's economy however current affairs journalist george eaton says the measure would be illegal. there's never been a situation in which one e.u. member states has been allowed to limit immigration from from a long standing member state it's true to say that transitional controls can be and
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have been imposed on the new e.u. members such as the east european assertion countries but as things stand the premium to people is one of the fundamental principles of the treaty and i think it's very hard to see britain being able to delegate from that true to say that countries are taking a more skeptical view of immigration then certainly in times of recession far right parties right wing parties tend to win more support and so that puts pressure on moderate centrist leaders to act the problem is that under article eighteen of the e.u. treaty your ban basically from discriminating according to nationality and so if you wanted to impose controls of greece you'd have to impose controls and immigration from every country and it's cameron going to accept a situation in which u.k. citizens are unable to work and live in the rest of the e.u. i do think years. control over who enters the country is about as tight as it can
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be in israel but the methods are being questioned. if you're a terrorist and if just small ai you wipe your laptop before you cross it and you have a dummy account so that no one will ever access your mail the security paranoia on the israeli border guards puts many harmless tourists straight back on a plane home as we report in a few minutes. you
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know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harvey welcome to the big picture. here with our team and it is now fourteen minutes past the hour europe's internet users are celebrating the rejection by the e.u. parliament of the controversial anti counterfeiting trade agreement or act as the deal was aimed at preventing copyright theft but sparked widespread outrage for threatening people's web freedom earlier my colleague kevin ellen talked to lawless k. from the pirate party u.k. says it's a historic victory for citizens over lobbyists despite the wild claims that the copyright lobbyists have there was no actual proper evidence to show that act was
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going to help anyone either in terms of jobs or in terms of growth for the economy ok the question for europe at the moment as it stands do you think will ever be a pan global set of rules coming into place i think what's really clear is that it was a fundamental mistake to try and mix so many different things together but also equally it's a fundamental mistake to try and negotiate to such a treaty behind closed doors with also without countries like russia india and china and. typical of our western countries to we can just push something through laws last thought from you there is a school of thought that today that x. is being turned in europe where piracy is going to be encouraged is one step forward is it a free for all no in your eyes no not the top i think it's worth remembering what the many objections to act were was essentially setting up
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a surveillance system of turning turning your internet service provider into a copyright but it was not just about intellectual property also organizations like medicine some form to give warning that it could affect the ability of developing nations to access a portable generic drugs so this is a tremendous victory against actually what would have been hugely damaging agreement. there are no online restrictions whatsoever on our web site available for you twenty four seven here's some of the stories worth checking out there right now divine physics and the heart of europe scientists at cern have traced what seems to be the only so god particle meaning mankind's a huge step closer to understanding what happened after the big bang. all three are arrested members all the. girl groups have gone on
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a hunger strike find out what's push them toward such a move and watch the videos of some of their most outrageous performances that are to dot com also make sure you can catch all of our best videos on our you tube channel. is he. the official. from the.
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video. and. now with the palm of your. time now to have a look at some other world news. but once again in iraq a car bomb at a market in the center of the country killed eleven and another similar incident eight people including a child died dozens were wounded the attacks followed two. nationwide bombings blamed on al qaida linked militants which were the bloodiest in weeks there's been a recent upsurge in assaults on worshippers raising fears of a return to widespread sectarian violence. people have been found dead following a hostage standoff in southwestern germany an armed man whose girlfriend was facing forced evictions from her apartment killed four people before turning the gun on himself among the dead where the assailants fifty five year old partner who was
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discovered shot dead in a bed the woman had fallen behind on payments and the plot was sold at a foreclosure auction. but another huge protest in peru has seen one person killed and one of its leaders beaten and detained it comes just a day after three people died in clashes between police and demonstrators routines are opposing a multibillion dollar mining project financed by a u.s. based company opponents claim it will harm the area's ecosystem destroyed water supplies and failed to bring local economic benefits tourists maybe flocking to the holy land from all over the world but the spiritual journey of some of them comes to an abrupt end at passport control israeli airport security is being accused of overstepping its authority by demanding access to people's private data in an attempt to prevent terrorists from sneaking into the country artist fall asleep or
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reports. they come in the millions to touch the hoody now and many of the frustrated seeing little more than the airport instead of touching the holy land they are brushed by a port security and sent home with them goes a large slice of the country's tourism sandra tamale from illinois in the united states was one of the disappointed i headed my passport over and the young woman looked at me. what is your father's name what is your grandfather's name and when i told her she asked have a. waiting room sandra tomorrow he kept that seat warm for eight hours in that time she was interrogated seven times and then the question became focused on my email and would i like to mail account and when i refused to block my g. mail account that's. the height of. i was asked very
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very plainly are you a terrorist and i didn't know whether it's. last israeli airport security was as serious as it could be they didn't believe her story of coming to visit family and taking part in an interfaith conference they also knew she'd been involved in campaigns calling for boycotts and disinvestment from israel. a day later she was on a plane back to the united states. sandra's experience is not unique there are many more who have suffered in the same way it appears this experience could be merely the tip of the iceberg this is way beyond anything it's like asking you to go back home and open your safe. see what's there they can find your contact list they can find if where are where are your plans where are you heading to everything but the think is that if you're a terrorist and if you're smart you wipe your laptop before you cross and you have
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a dummy account so that no one will ever access your mail but saying let's focus on the beauty of it all but also remember aware of the problem two operators are telling potential tourists what to say. we encourage all of our groups to sure. don't. go in and we were to the west bank but deleting facebook profiles from setting up fake email addresses doesn't touch on legal questions there certainly is no basis in law whatsoever for them to be asking people for their passwords and usernames and entering their g. mail accounts i find it incredibly difficult to believe that they had obtained a warrant for any of these searches. and so i think it would be very difficult to find a basis in israeli law for this kind of search israel strictness follows a series of run ins with international activists in recent years hundreds of
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propellers sitting in demonstrators was stopped from flying into the country recently as israel tightens its grip on who can and cannot step foot in the holy land policy r.t. tel aviv. the rush for cheaper oil and gas production is growing ever stronger later a report on how a controversial method known as fracking and being used in the u.s. is said to be destroying the environment and involves pumping huge amounts of water and chemicals into the soil to release the precious resource us but it is also are things strong criticism. in the street. is perfectly. brings nothing but our income for. the environment. and the industry isn't telling the whole story. they're goddamn liars.
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they're here to. make as much money as they can and get the hell out of here. watch the full story of the destructive oil drilling method throughout the day here on our. business time with daniel and the rich in france just got a little poorer the new socialist governments dished out seven billion new taxes on the rich and big companies in the new budget france needs to almost all of its vols public debt here the economy isn't growing enough to quote the wealthiest households and big firms will have to contribute says finance minister pierre moscovici but the biggest fights yet to come getting france's huge trade unions to cut pay rises. asian investors are nervous ahead of the european central bank's
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meeting today when they could cut interest rates to record lows markets took their lead from e.u. sessions last in the end the euro is flat against the dollar this sell off this and poor performances yesterday the ruble finished mixed to the major currencies on wednesday we'll have more on the ruble for you when russian markets open that's in less than two hours time both the. stakes and it higher at the end of a choppy session wednesday is all good news that capital inflows into russia hit five billion dollars last month crude prices finally are mixed with brit swinging on the one hundred dollars news that service sectors across the e.u. are shrinking has triggered demand concerns and europe today we'll have more for you next hour all right thank you very much for that update danielle. next up i'll be updating you on the headlines after a short break. the
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